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Treasury to sell Eurostar stake for £757.1m

The government has agreed to sell Britain's entire stake in Eurostar for £757.1 million, it has been announced.

The government had a 40% stake in Eurostar. Credit: Gareth Fuller/PA Wire

The 40% stake in the company will be taken over by a consortium of investors Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure for £585.1 million.

Eurostar also agreed to redeem preference shares owned by the government, which will add a further £172 million to Treasury funds.

The sale comes as part of an effort by the government to raise £20 billion by selling corporate and financial assets by 2020.

In a statement, the Treasury said it had achieved its "key objective" of maximising "value for money for the UK taxpayer" through the sale.

Obama: 'Nothing thing new' from Benjamin Netanyahu

Barack Obama has told reporters "as far as I can tell, there was nothing new" in Benjamin Netanyahu's address to Congress in which the Israeli Prime Minister slammed the US-led nuclear talks with Iran.

Obama: 'Nothing thing new' from Benjamin Netanyahu. Credit: PA

"The prime minister didn't offer any viable alternatives," the US President said, urging Congress to wait to evaluate a nuclear deal with Iran until an agreement is finalised. Obama said that he would only agree to a deal that prevents Iran from obtaining a nuclear weapon.


Pelosi 'near tears' during 'insulting' Netanyahu speech

Democratic Leader Nancy Pelosi has expressed her extreme dismay over the comments made by Israeli Prime Minister Netanyahu to the US Congress.

Democratic Leader Nancy Pelosi released a statement immediately after Netanyahu's speech. Credit: Reuters

In a statement released online, she said:

As one who values the U.S. – Israel relationship, and loves Israel, I was near tears throughout the Prime Minister’s speech – saddened by the insult to the intelligence of the United States as part of the P5 +1 nations, and saddened by the condescension toward our knowledge of the threat posed by Iran and our broader commitment to preventing nuclear proliferation.

Today, Prime Minister Netanyahu reiterated something we all agree upon: a nuclear armed Iran is unacceptable to both our countries. We have all said that a bad deal is worse than no deal, and stopping the spread of nuclear weapons is the bedrock of our foreign policy and national security. As President Obama has said consistently, all options are on the table for preventing a nuclear-armed Iran.

– Nancy Pelosi, Democratic Leader

Israel's Netanyahu drives a stake through US policy

Israeli leader Benjamin Netanyahu's speech to the US Senators will clearly annoy the White House, ITV News Washington Correspondent reports.

Netanyahu blasts proposed nuclear deal with Iran

Israel's Netanyahu has used his speech at the US Congress to attack the proposed nuclear deal with Iran - the deal engineered and led by the Obama administration and its allies, and still being carefully negotiated.

Netanyahu said the deal would guarantee Iran would eventually get nuclear weapons, and would not be forced to destroy any of its facilities.

"This is a bad deal, a very bad deal. We would be better off without it."


Netanyahu: We need to stand together against Iran

Israel's Netanyahu is using his address to the US Congress to rile against Iran.

Criticising a potential nuclear deal with Iran - currently being negotiated - he said it gives the Iranian regime too much nuclear infrastructure.

In a rousing speech, frequently interrupted by applause, he called on the US to stand together against Iran. Washington Correspondent Robert Moore is listening to the address.

Standing ovation for Israel's Netanyahu in US Congress

Israeli Prime Minister Benjamin Netanyahu was greeted with a loud, long and at times raucous standing ovation in the US Congress before he started speaking.

In his opening comments, he said Israel was grateful for the support of the US, and that he knew whatever side of the house the members of congress sat on, they stood with Israel.

This is the third time Netanyahu has been invited to address Congress - a rare honour only matched by Churchill.

It is the first time since last summer's war, when Israel was accused of war crimes by various rights groups over its military operation in Gaza.

PM calls for 'consequences' over child abuse failures

The Prime Minister has said there need to be "consequences" where professionals have failed in cases of child abuse.

David Cameron said: "At the end of the day, if professionals fail there need to be consequences. One of the problems in Rotherham is that there was failure after failure by social workers, by councillors, by council officials, and yes by the police, and not enough consequences flowed from that. It is very important that consequences flow."

Authorities didn't believe all Oxfordshire abuse victims

A new report today has revealed nearly 400 girls may have been victims of "indescribably awful child sexual abuse" in Oxfordshire and says authorities didn't believe some of the victims when they said they were being abused.

ITV News' Political Correspondent Emily Morgan reports on the findings of the serious case review which was released today:

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